MSCI rebalancing effective 1 June. Weightage increase for IHH, PBank n BAT.
Weightage reduction for CIMB, Maybank, AMNB, AFG, HLBk, SIME,,UMW, IOIC, Airport, PChem, PDag, IJM, Dialog n Bumi Armada.
Foreign funds that are bench marked to MSCI index will tend to align to changes to reduce tracking error. Hence, foreign selling will continue another week or so. Guess it's best to let selling subside before picking up any of such stocks
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